FxWirePro: AUD/USD capped below 5-DMA, bias lower, stay short

• AUD/USD recovery attempts capped by 5-DMA currently at 0.7462.
   
• Pair unable to extend gains above 38.2% Fib, extending slide along 20-DMA.
   
• Momentum studies bearish, RSI below 50 levels and Stochastics have rolled over from overbought levels.
   
• Support levels - 0.7438 (20-DMA), 0.7421 (23.6% Fib), 0.74, 0.7370 (Dec 1 low)
   
• Resistance levels - 0.7462 (5-DMA), 0.7489 (38.2% fib), 0.7508 (Dec 8 high)
   
• Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-finds-major-resistance-at-07458-good-to-sell-rallies-442804) has achieved TP1.
   

Recommendation: Hold for downside. 
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FxWirePro's Hourly AUD Spot Index was at 9.32436 (Neutral), while Hourly USD Spot Index was at 80.0016 (Slightly bullish) at 0850 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.